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Crash 08: Should You Be Scared?

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Uploaded by on Oct 10, 2008

With the Dow in a free-fall, you may be wondering: should I be scared?

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News & Politics

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  • likes, 5 dislikes

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  • We all weren't online in 1987 and seeing so many videos and blogs predicting doomsday. We weren't threatened with our states going bankrupt and the entire world looking at us with hate. We didn't see homes sitting vacant up and down each street. I was around in 1987 and it sure didn't feel like this.

  • I made a VERY good living trading in the stock market before I went into business and started my first company. I did better than 95% of traders and made money consistently, yes, even trading options and day trading in the short term. I spent tens of thousands of dollars on high end training and coaching, and here's what I can tell you: NEVER make emotional based financial decisions. Never, ever. Period. Scared?

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  • so its not the sign of the apocalypse...hell yeah

  • Yeah... keep people thinking it will recover. It will make it easier to control them when they are out of money.

  • I peed my pants watching this video. FYI.

  • HELL YEAH WE SHOULD BE SCARED! if this happened with bush and all his experience.... just imagine how bad it is going to be with obama coming into office!

  • "Ahh it is just an economic dip. It sux but we it happens."

    Nope. The economy "dipped" a few times during the 70-year overbloated ponzi scheme credit expansion of the U.S. This is not a "dip"; this is a collapse. End of an era. Sorry, bud.

    Have a great day.

  • I was 7 years old and we lived in a HUGE town house style apartment...it was nice we managed to get thought that and life was good, so don't panic!...in fact who knows I might even buy some stocks right now since its So low...perhaps in 5 or ten years I might have a little something;)

  • Don't worry, just check out our profile along with the supplied links to the websites. You could WIN a BRAND NEW HOUSE!

  • Ahh it is just an economic dip. It sux but we it happens.

  • I agree, the situation today is very different from anything in the 80's. Or deficit is still increasing, we have hurt out friendship with other countries, people are losing their homes left and right, banks are crumbling, oil companies have us by the b@lls, and other nations are rapidly increasing their wealth.

    But panic can make it all worse. We should all just save some money, spend some money, and continue to live the best we can.

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